Table of contents:
- 1 Ripple Coin CFDs profitable not only during volatile phases
- 1.1 Use Ripple Coin for quick profits with CFDs
- 1.2 RIPPLE WHERE TO TRADE – EXCHANGE OR BROKER AS A BETTER CHOICE?
- 1.3 That’s why Ripple Coin Trading is so ideal for brokers
- 1.4 RIPPLE COIN FUTURE: HOW THE PRICE ANALYSIS BECOMES SUCCESSFUL
- 1.5 TECHNICAL ANALYSIS MADE EASY
- 1.6 CONSIDER CURRENT NEWS FOR PRICE ANALYSIS
- 1.7 CFD-TRADING FROM RIPPLE COIN USED CORRECTLY
- 1.8 REGISTRATION WITH THE BROKER POSSIBLE IN NO TIME AT ALL
- 1.9 TRADING OF XRP CFDS MADE EASY FOR BEGINNERS
- 1.10 LEVERAGING WITH CFDS
- 1.11 RISK LIMITATION PARTICULARLY IMPORTANT FOR CFD TRADING
- 1.12 LIMITING RISK AND CREATING A KNOWLEDGE BASE
- 1.13 How much capital do traders need to trade Ripple Coin with the broker?
- 1.14 MOVE A LOT WITH 100 EUROS
- 1.15 Resourceful traders rely on risk diversification with CFDs
- 1.16 RISK DIVERSIFICATION THROUGH DIFFERENT UNDERLYING ASSETS
- 1.17 COMBINE INVESTMENT HORIZONS
- 1.18 How to find the optimal broker for successful trading
- 1.19 TRADING COSTS
- 1.20 ADDITIONAL TRADING COSTS ALSO IMPORTANT
- 1.21 SERVICES
- 1.22 Real-time data free of charge
- 1.23 PAYMENT OPTIONS
- 1.24 TIP: IMMEDIATE BANK TRANSFER, IF YOU WANT IT TO BE PARTICULARLY FAST
- 1.25 LICENSE AND SECURITY
- 1.26 PROTECTION OF CLIENT FUNDS
- 2 PROTECTION OF PERSONAL CUSTOMER DATA
Ripple Coin CFDs profitable not only during volatile phases
Traders can speculate on the ripple coin either directly during stock exchange trading or on its price development with brokers. Brokers have many advantages over Exchanges. For example, traders do not need a Ripple Wallet and can invest in the Ripple Coin with less equity capital without having to own it themselves.
Even volatile market phases and supposedly difficult price developments can be optimally used with CFDs, because traders can trade falling, rising and sideways prices equally. Many brokers offer free support for the ripple coin forecast, so that even beginners are not left alone.
- Ripple Coin CFDs can even be traded free of charge with brokers
- Traders often need less equity for CFDs than for direct trading
- XRP CFDs have 1:2 leverage to move more capital in the market
- XRP Coin forecast at the broker often simplified with free tools
Use Ripple Coin for quick profits with CFDs
Traders can use the Ripple Coin for their trading activities optimally at the broker or at a crypto exchange. The difference between the trading options is mainly in the use of the coin itself. While the traders buy directly at an exchange or sell the Ripple Coin, the brokers speculate on the future of the Ripple Coin, the price trend in the near future.
Not only the trading intentions, but also the access to the market and the required trading tools are different at Brokers Exchange. For example, anyone who wants to invest in Ripple Coin at the exchange needs sufficient equity capital and the wallet in addition to the account. However, traders can do without this at the broker exchange.
RIPPLE WHERE TO TRADE – EXCHANGE OR BROKER AS A BETTER CHOICE?
Is it better to trade on an exchange or with a broker? The answer depends entirely on the trading ambitions and preferences of the traders. For example, if you don’t want to commit yourself to the coins or want to be bound to them for a longer period of time, you are often much better off trading with a broker.
There, traders can invest in Ripple Coin with little equity and under easy market conditions without actually having to own the digital currency in the first place. However, if traders want to enjoy the feeling of being a coin holder, going to a crypto exchange is often the only choice. To do this, however, traders also need a crypto wallet.
That’s why Ripple Coin Trading is so ideal for brokers
If traders decide to invest in Ripple with a broker, they often trade the contracts of difference. The idea is to use the Ripple Coin forecast to profit from the market development. In order for traders to be able to forecast the future of Ripple Coin, technical and/or fundamental analysis is used.
Based on historical data (in technical analysis) or current market data (in fundamental analysis), traders get an idea of how the price of the crypto currency will develop in the near future. Traders trade this forecast without actually selling or buying the ripple coin directly. Instead, the positions are traded long or short.
RIPPLE COIN FUTURE: HOW THE PRICE ANALYSIS BECOMES SUCCESSFUL
Contracts for Difference are a popular financial instrument for many brokers, allowing traders to act flexibly and speculatively. It is very easy, because with the right ripple coin forecast, traders take their chance on the market and can trade positions even with few liquid assets. But how is the successful price analysis actually carried out?
Especially the technical analysis is easy to apply for prospective traders, because it uses the historical data and examines it for similarities to create a forecast for the future. Since the volatility ripple and other crypto currencies are still present, it is recommended to perform the forecast for a tight timeframe to make it as well-founded as possible.
TECHNICAL ANALYSIS MADE EASY
Traders can hope for adequate support from many brokers, especially in technical analysis. For example, they provide the trading platform Metatrader, which supports technical analysis with countless indicators and free tools. Due to the real-time data and access to the complete trading history, traders have the possibility to use different technical indicators and several analytical objects, for example to create the forecast for the next hours or days with nine different time frames and numerous chart types. As Metatrader for example is extremely functional and user-friendly, analysis is also much easier for less experienced traders.
CONSIDER CURRENT NEWS FOR PRICE ANALYSIS
Not only the historical data, but also numerous current news items play an important role in price analysis. There are always various factors that can significantly influence the volatility of the Ripple price. These include above all news from the financial sector or news about the crypto-market in general.
In order to understand why news from the financial sector in particular is so interesting, traders should consider the question: What is Ripple Coin? Unlike Bitcoin and Co., the crypto currency is not designed for common use by the private of, but is primarily intended for the processing of transactions of banks and other institutions. Therefore messages from this area, which have to do with the crypto market, can cause a price fluctuation. In order to make sure that traders do not miss any more current news, we recommend to use the free news services of brokers calmly.
CFD-TRADING FROM RIPPLE COIN USED CORRECTLY
What is the difference between trading Ripple CFDs and direct trading? With CFDs, traders have much easier access to the market because they can open the trading account without much effort and often without equity. Experience shows that many brokers provide a free demo account with a virtual starting balance in addition to the live account, so that the traders can invest without equity and risk. The demo account also helps to get to know the broker better and to put the offered financial instruments through their paces.
REGISTRATION WITH THE BROKER POSSIBLE IN NO TIME AT ALL
In order for traders to be able to trade CFDs on the Ripple Coin future, they need an account. How extensive the registration process is, depends decisively on the selected account model. If the traders want to start with a free demo account, often only the e-mail address is required and trading can begin. After the demo account has been registered, virtual credit of variable amount is automatically available.
Traders can use it until it is used up, and even ask some brokers for more information after contacting customer support. However, if you want to use the live account and act with your own capital, you have to expect a little more preparation time. Personal information is required in the registration form. This includes for example:
- Date of birth
Once the traders have entered all the information in the form, verification is still required. This way, the traders confirm their information and thus protect against misuse. For the verification, the traders need valid identification documents and proof of address.
Note: Depending on the verification process used, verification may take a few minutes or even several days. Many brokers now not only offer document upload and subsequent verification by support. No, the traders can often also perform the verification via video phone call, which experience has shown to be much faster.
TRADING OF XRP CFDS MADE EASY FOR BEGINNERS
After the traders have registered their account, trading of Ripple CFDs can begin. After a successful Ripple Coin forecast, a decision is made whether to trade short or long, whether the traders sell or buy Ripple Coin. Again, traders have several options, for example, they can trade with or against the trend. Due to its simplicity, trading with the trend has proven to be a good choice, as traders simply forecast the price movement and open their position on it. Since contracts for difference can also be traded with little liquid funds and the trading costs are usually much lower compared to direct trading at stock exchanges, trading CFDs is the optimal start for traders to move a lot even with little equity.
LEVERAGING WITH CFDS
Traders have the opportunity to trade contracts for differences not only with little equity but also under leverage. For the Ripple CFDs, the maximum leverage for private investors is 1:2, for the Crypto Shares CFDs, for example, the maximum leverage is 1:5. The leverage multiplies the equity capital without the traders actually having to provide it. Instead, only a security deposit is required.
RISK LIMITATION PARTICULARLY IMPORTANT FOR CFD TRADING
Ripple CFDs are among the riskiest derivatives, making them less suitable for conservative traders. The risk comes mainly from the leverage and volatility of crypto prices. However, the increased risk does not necessarily mean that traders lose their investments. Those who do it skilfully and know how to control the risk themselves can, of course, in the best case generate profits.
In order to limit the risk of CFDs, it is recommended that traders trade primarily the positions with limits. This means that the limits for profit-taking and losses are set and the positions are opened for them. In this way, traders ensure that even if the market is not constantly monitored, losses are not unlimited and profits are secured. If you want to practice how to trade the Stop Loss and Take Profit positions, you can also use the demo account as an easy way to get started.
LIMITING RISK AND CREATING A KNOWLEDGE BASE
So that the traders can estimate and above all reduce the risk with the trade of a crypto currency optimally, they should know exactly, what they actually act there and which factors can move the course of the Internet currency. Findige Trader have immediately answers to the usual questions to Ripple, as for example:
- What is Ripple Coin?
- How has the exchange rate developed?
- What moves the XRP price?
Only those who know exactly what they are actually doing there and are familiar with the peculiarities of a crypto currency can analyze it in a much more targeted way and make their own forecasts for their own trading activity.
How much capital do traders need to trade Ripple Coin with the broker?
Many traders often think that they need a lot of equity capital to trade Ripple and other crypto currencies. However, this is a fallacy, because CFD trading is already possible, for example, with little Euro equity. Due to the applied leverage effect, traders can also bring significantly more capital into the market, depositing only their (small) equity capital as security.
How much the traders actually want to invest in CFD trading is up to them. The brokers usually have little or no minimum requirements for the trading capital. The trading costs are also manageable, so that the lion’s share of the paid-in capital is actually available for trading activities, allowing traders to actually generate profits.
MOVE A LOT WITH 100 EUROS
Often it is enough for traders to deposit for example 100 Euro on their trading account and work with this capital. If the traders decide on Ripple CFDs, they hardly need more than 10 Euros to trade a position, depending on the broker and the spreads. If resourceful traders additionally use the leverage effect of maximum 1:2, more capital is brought into the market.
The difference to the own capital of the investors and to the increased capital spendiert the broker (for the time being). If the position does not run against the investors, they can take the higher profit with them without actually having to invest the entire sum of equity capital. The leverage effect works in addition, other direction, because if the position runs against the traders, this and the optimal security can bring in also higher losses.
Resourceful traders rely on risk diversification with CFDs
How do traders manage to be successful even with low liquid assets and little trading experience? Surely we don’t have a recipe for this question either, but we can speak on our experiences and give away some tips and tricks, how they can be applied by successful traders.
RISK DIVERSIFICATION THROUGH DIFFERENT UNDERLYING ASSETS
Resourceful traders not only take advantage of the volatility in the crypto market and trade, for example, the Ripple CFDs. No, they diversify and trade CFDs on different underlying assets. The brokers offer CFDs on other markets besides the crypto-currencies, such as
- Foreign exchange
- Raw materials
Who does not only concentrate on the trade of the Ripple Coin CFDs, but also trades other markets, secures his investments from a total loss, because even if the crypto market has perhaps just a bad time, it is relatively unlikely that this also applies to foreign exchange, raw materials or shares equally. Those who trade CFDs on different underlying assets can also profit from higher leverage effects. For example, the maximum leverage for foreign exchange CFDs is 1:30, which is significantly higher than for crypto CFDs.
COMBINE INVESTMENT HORIZONS
The combination of different investment horizons is also often used by resourceful traders for diversification. While the Ripple CFDs are recommended for short and medium term oriented traders, the securities can be especially interesting for long term oriented traders. Yes, there are indeed countless crypto securities, for example the shares of Bitcoin GROUP SE. However, if traders want to acquire company shares, they often need more equity than when trading Ripple CFDs.
How to find the optimal broker for successful trading
If you want to speculate on the future of ripple coins with CFDs, you will of course need a suitable trading place. There are countless brokers, so that the choice is not always easy. The question arises how traders can find their optimal broker in order to actually use the Ripple Coin or the developments on the crypto market with low access requirements and optimal support. A comparison of the brokers can help to find a suitable provider, whereby each trader has his own ideas about his preferred broker. The following criteria have proven themselves in practice as criteria for the broker selection:
- Trading offer
- Trading costs
- Payment options
- License and security
Above all the Trading, offer differs with the brokers enormously, because far not each broker offers CFDs on many crypto currencies. Some are limited for example to the most important or most well-known crypto currencies, so that the traders have less diversification possibilities at the crypto market. However, if traders really want to concentrate on trading crypto CFDs, it is of course an advantage if a broker offers an enormous selection in this area. However, the legal trading offer is equally important, especially for cross-market diversification. From our point of view, brokers are therefore suitable to offer this on different underlying assets and to have additional financial instruments (e.g. securities) available. For example, traders can combine not only different investment horizons, but also risky or less risky derivatives.
The trading costs are also an important component in a broker comparison, because they also differ between the providers. Although the brokers are in competition with each other and therefore offer similar conditions, there are differences in spreads and other trading conditions, especially for CFDs or other financial instruments. If the traders would like to concentrate primarily on trading the crypto CFDs, the conditions for these selected financial instruments should of course be as low as possible. A comparison helps to find the broker who actually offers particularly attractive conditions compared to the competition and who also convinces with other good conditions.
ADDITIONAL TRADING COSTS ALSO IMPORTANT
Not only the direct trading costs, but also the additional costs are interesting. These include, for example, costs for account management or the use of news or other services. Although many brokers offer such services free of charge or for a small surcharge, there are also brokers who offer extensive services completely free of charge.
For trading, beginners, who may initially want to act with little equity capital, are of course mainly interesting brokers, where the trading costs are manageable and they are additional costs to the trading activity as low as possible. In this way, more of the equity capital remains, which can be used for the actual trading activity, which in the best case also generates profits for the trader.
Service is essential for every good broker. However, there are significant differences in the services offered. Some brokers, for example, offer free training opportunities, other brokers even offer free webinars with top traders and others also have a demo account. For trading beginners, support in trading activity is often particularly important, so that brokers with a comprehensive range of further training opportunities and tools for chart analysis etc. are particularly interesting.
There are some brokers that are specially designed for ambitious traders and where the service offers are also correspondingly. Frequently, basic support is missing there, such as information about the crypto-market or the crypto-currency itself. But exactly the basic knowledge is particularly important for successful trading activities, so that traders without great previous knowledge should primarily rely on brokers, where they can obtain this information (free of charge).
Real-time data free of charge
Real-time data is particularly important for a sound course analysis. Traders are therefore well advised to look for a broker who offers real-time data free of charge. The more up-to-date the information is, the more sound the forecast can be. Conversely, this means that the more sound the forecast is when trading CFDs, the more accurate the trader is in most cases. The same applies not only to the real-time data of the prices, but also to the real-time information in news reports. Traders can now call up the latest news from many brokers without having to pay extra costs.
To successfully trade Ripple CFDs with a broker, traders do not necessarily need equity. However, if the traders want to generate real profits, the demo account is not sufficient. In this case, the deposit of equity is required in order to be able to use the live account on the market to take advantage of its opportunities. There are also significant differences between brokers in terms of payment options. Offered are mostly payments over:
- Bank transfer
But there are also brokers who, for example, allow deposits with Bitcoin or via PayPal. If the traders would like to use a very specific payment option, this should also play a role in the broker comparison. Differences can also be seen in the limits and conditions for processing. Not all brokers have long since offered free account capitalization or payout of winnings.
Also here it applies to look more exactly and select naturally in the broker comparison the offerers, who hold the account capitalization or profit disbursement ready free of charge. In addition also the individual limits are to be paid attention to. Not everywhere the traders can deposit larger sums of money with the help of electronic purses or credit cards, for example. Often this is only possible with bank transfers, which can take up to five working days to process, and thus significantly longer than other payment methods.
TIP: IMMEDIATE BANK TRANSFER, IF YOU WANT IT TO BE PARTICULARLY FAST
Some brokers also provide the Sofortüberweisung, which is processed through Klarna AG, as a method for account capitalization. It works similar to the bank transfer, but is much faster. The limits for instant bank transfers are often just as high as for electronic purses or credit cards.
LICENSE AND SECURITY
There are significant differences between brokers in terms of licensing and security. For example, a good broker should have a license from the British or Cypriot Financial Regulator to provide investors with at least the legal environment for an approved trading offer. If you do not find information about the license on the broker’s website, and if you do not get any information from the support team on request, you should refrain from using this broker for your own protection.
Although the license does not provide 100 percent protection that a broker works seriously, Fick is an essential indication for a reputable provider, where deposit protection is also guaranteed. In order to hold and obtain the license, brokers have to meet some requirements, which are verified by the licensors. These include, for example, the legal requirements or the protection of customer funds.
PROTECTION OF CLIENT FUNDS
The hedging of customer funds is clearly variable, as a glance at a broker comparison shows. However, experience has shown that renowned brokers hedge their investors’ money up to 20,000 euros. With some offerers the protection can go and beyond that and amount to for example more than 50,000 GBP. If the broker goes bankrupt, the traders have the possibility to receive at least the capital in the corresponding amount by the protection.
PROTECTION OF PERSONAL CUSTOMER DATA
Security should not only apply to the license and deposit protection with a good broker, but also to the personal customer data. Many brokers have already had themselves licensed by independent companies and have, for example, received the TÜV certificate for compliance with security measures for personal customer data.
Conclusion: Use Ripple Coin CFDs successfully even as a trading novice
Traders cannot predict the ripple coin future in the long run, but it is still a matter of speculation. It’s easy with Ripple CFDs, which are available from many brokers. Traders have the unique opportunity to use the price prognosis of the crypto currency and generate profits with little equity capital without having to own the coins themselves. Contracts for Difference are particularly popular not only because of the flexibility and easy trading, but also because of the leverage effect. Traders can use the maximum leverage of 1:2 for Ripple CFDs and thus make much more in the market from little capital, increasing profits at best.
Only the security deposit is deposited, the rest is given by the broker as a short-term cash injection. If the traders want to trade the Ripple CFDs successfully, however, a risk limitation is required, because contracts for difference are also considered high-risk derivatives. Whoever wants to try the chances with the Ripple CFDs himself can easily use one of the many demo accounts with renowned brokers and speculate on the Ripple Coin future under near-market conditions. Who likes it, can change just as easily to the live account; use both account models even frequently free of charge parallel.